Can I retire at age 55 with 10,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$900,112$892,094$884,272$876,637$869,181$840,014
2 years$445,600$437,301$429,258$421,460$413,896$384,798
3 years$294,116$285,781$277,758$270,033$262,593$234,478
4 years$218,389$210,079$202,137$194,544$187,283$160,367
5 years$172,964$164,705$156,867$149,428$142,370$116,723
6 years$142,691$134,494$126,772$119,499$112,652$88,296
7 years$121,076$112,948$105,348$98,247$91,616$68,547
8 years$104,872$96,817$89,343$82,417$76,005$54,204
9 years$92,275$84,297$76,951$70,201$64,007$43,449
10 years$82,204$74,303$67,088$60,514$54,537$35,189
11 years$73,969$66,148$59,063$52,665$46,904$28,729
12 years$67,112$59,371$52,417$46,194$40,646$23,602
13 years$61,314$53,654$46,831$40,783$35,444$19,488
14 years$56,349$48,770$42,078$36,202$31,070$16,157
15 years$52,049$44,552$37,991$32,286$27,356$13,439
16 years$48,291$40,876$34,444$28,909$24,178$11,208
17 years$44,978$37,645$31,343$25,974$21,438$9,369
18 years$42,037$34,786$28,612$23,408$19,061$7,846
19 years$39,408$32,239$26,193$21,151$16,990$6,580
20 years$37,046$29,958$24,039$19,156$15,176$5,526
21 years$34,911$27,905$22,111$17,386$13,580$4,645
22 years$32,972$26,048$20,379$15,808$12,173$3,908
23 years$31,205$24,362$18,816$14,396$10,927$3,291
24 years$29,588$22,826$17,402$13,130$9,822$2,772
25 years$28,102$21,421$16,117$11,991$8,838$2,337
26 years$26,733$20,132$14,948$10,964$7,961$1,971
27 years$25,467$18,947$13,881$10,036$7,177$1,663
28 years$24,294$17,853$12,904$9,195$6,476$1,403
29 years$23,203$16,843$12,008$8,432$5,848$1,184
30 years$22,188$15,906$11,185$7,738$5,284$1,000
31 years$21,239$15,037$10,428$7,107$4,777$844
32 years$20,352$14,228$9,729$6,532$4,321$713
33 years$19,520$13,474$9,084$6,006$3,911$602
34 years$18,739$12,770$8,488$5,526$3,541$509
35 years$18,004$12,112$7,935$5,087$3,207$430
36 years$17,312$11,496$7,423$4,685$2,906$363
37 years$16,658$10,919$6,948$4,317$2,634$307
38 years$16,041$10,377$6,507$3,979$2,388$259
39 years$15,456$9,867$6,096$3,669$2,165$219
40 years$14,902$9,388$5,714$3,384$1,964$185
41 years$14,376$8,936$5,358$3,122$1,782$157
42 years$13,877$8,511$5,026$2,881$1,617$132
43 years$13,403$8,109$4,716$2,660$1,467$112
44 years$12,951$7,730$4,427$2,456$1,332$95
45 years$12,520$7,371$4,157$2,268$1,209$80
46 years$12,110$7,032$3,904$2,095$1,098$68
47 years$11,718$6,710$3,668$1,936$997$57
48 years$11,343$6,406$3,447$1,789$905$48
49 years$10,985$6,117$3,240$1,653$822$41
50 years$10,642$5,843$3,046$1,528$747$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,900,000, adding $4,752 every year, while hoping to spend $28,025 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/20/17 Blend
54$10,900,000$10,900,000$10,900,000$10,900,000
55$12,016,702$11,439,002$11,270,052$12,722,319
56$13,212,587$11,969,694$11,617,780$13,727,776
57$14,529,513$12,525,452$11,976,218$14,821,714
58$15,979,797$13,107,472$12,345,695$16,015,689
59$17,577,010$13,717,013$12,726,550$17,319,446
60$19,336,109$14,355,389$13,119,132$18,743,706
61$21,273,571$15,023,983$13,523,803$20,300,263
62$23,407,559$15,724,242$13,940,934$22,002,095
63$25,758,081$16,457,681$14,370,906$23,863,478
64$28,347,190$17,225,892$14,814,116$25,900,127
65$31,199,185$18,030,542$15,270,970$28,129,331
66$34,340,841$18,873,377$15,741,887$30,570,120
67$37,801,665$19,756,231$16,227,298$33,243,441
68$41,614,172$20,681,024$16,727,650$36,172,349
69$45,814,192$21,649,768$17,243,401$39,382,221
70$50,441,208$22,664,576$17,775,023$42,900,995
71$55,538,730$23,727,659$18,323,005$46,759,429
72$61,154,703$24,841,337$18,887,849$50,991,384
73$67,341,963$26,008,043$19,470,072$55,634,142
74$74,158,732$27,230,326$20,070,209$60,728,755
75$81,669,171$28,510,859$20,688,808$66,320,424
76$89,943,980$29,852,445$21,326,437$72,458,921
77$99,061,074$31,258,023$21,983,681$79,199,058
78$109,106,309$32,730,672$22,661,140$86,601,195
79$120,174,301$34,273,623$23,359,436$94,731,805
80$132,369,310$35,890,261$24,079,208$103,664,097
81$145,806,234$37,584,138$24,821,115$113,478,698
82$160,611,684$39,358,975$25,585,837$124,264,411
83$176,925,186$41,218,675$26,374,073$136,119,045
84$194,900,495$43,167,330$27,186,545$149,150,331
85$214,707,048$45,209,231$28,023,996$163,476,934
86$236,531,560$47,348,877$28,887,193$179,229,561
87$260,579,791$49,590,983$29,776,925$196,552,191
88$287,078,484$51,940,497$30,694,007$215,603,424
89$316,277,510$54,402,602$31,639,277$236,557,971
90$348,452,224$56,982,736$32,613,600$259,608,292
91$383,906,061$59,686,601$33,617,867$284,966,404
92$422,973,409$62,520,175$34,652,995$312,865,873
93$466,022,758$65,489,724$35,719,931$343,564,010
94$513,460,181$68,601,823$36,819,651$377,344,285
95$565,733,170$71,863,362$37,953,159$414,518,995
96$623,334,854$75,281,568$39,121,491$455,432,202
97$686,808,663$78,864,018$40,325,715$500,462,961
98$756,753,450$82,618,659$41,566,930$550,028,896
99$833,829,151$86,553,821$42,846,271$604,590,118
100$918,763,008$90,678,242$44,164,905$664,653,563